PPP Loan Data — Mission Health Services, West Valley City, UT
Mission Health Services
Entity: Non-profit Organization
Location: West Valley City, UTTweet This • Search All PPP Data
Mission Health Services is a non-profit organization located at 2830 S. Redwood Road in West Valley City, Utah that received a Coronavirus-related PPP loan from the SBA of $2,309,728.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Mission Health Services in West Valley City, UT received a Paycheck Protection Loan of $2.31M through Wells Fargo Bank, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Mission Health Services' 2019 payroll expenses are estimated to be at least $11.09M.
Based on their reported 154 jobs retained, this equals an estimated average yearly compensation of $71,992 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mission Health Services reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,309,728
Business Information - Mission Health Services in West Valley City, UT
2830 S. Redwood Road
West Valley City, UT 84119
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near West Valley City
In the West Valley City area, 2 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 154) and received an average PPP loan of $1,252,913 (compared to this company's $2.31M).
Similar Nearby Businesses Who Received PPP Funding:
Alpine Meadow Rehabilitation And Nursing
West Valley City, UT
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 60 employees, 61% lower than Mission Health Services' reported 154 employees, and received an average PPP loan of $442,944, 81% lower than this company's loan of $2.31M.
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Footnotes & Information
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